ATAOD Altair International Corporation (QB)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

Form 10-Q/A

(Amendment No. 1)

 

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended JUNE 30, 2023

 

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from _______________ to _______________

 

Commission File Number: ___________________________________________________________

 

ALTAIR INTERNATIONAL CORP.

(Exact name of registrant as specified in its charter)

 

Nevada	333-190235	99-0385465
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification Number)
322 North Shore Drive, Building 1B, Suite 200 Pittsburgh, PA		15212
(Address of principal executive offices)		(Zip Code)
	(412) 770-3140
	(Registrant's Telephone Number)

 

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐ 

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such filings). Yes ☑ No ☐ 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☑	Smaller reporting company ☑
	Emerging growth company ☐

   

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

 

As of August 10, 2023, there were 24,692,449 shares of the registrant’s $0.001 par value common stock issued and outstanding.

 

EXPLANATORY NOTE

 

 

This Amendment No. 1 to Form 10-K/A (“Amendment No. 1”) is being filed by the registrant (“Altair”) to amend its Quarterly Report on Form 10-Q for the period ended June 30, 2023 (the “Original Filing”), as filed with the U.S. Securities and Exchange Commission on August 14, 2023 (“Original Filing Date”).  The purpose of this Amendment No. 1 is to correct the fixed conversion price for convertible Notes Payable (Note 4) to retroactively reflect the change as a result of the reverse stock split that took place on January 25, 2023. Except as described in the foregoing sentence, no other changes have been made to the Original Filing, and this Amendment No. 1 does not modify, amend or update in any way any of the other information contained in the Original Filing. This Amendment No. 1 does not reflect events that may have occurred subsequent to the Original Filing Date or the filing date of this Amendment No. 1 except as set forth in this Explanatory Note to provide the basis for this Amendment No. 1.

 

TABLE OF CONTENTS

 

		Page No.
	PART I - FINANCIAL INFORMATION
Item 1.	Unaudited Financial Statements	3
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15
Item 4.	Controls and Procedures	15
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	17
Item1A.	Risk Factors	17
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	17
Item 3.	Defaults Upon Senior Securities	17
Item 4.	Mine Safety Disclosures	17
Item 5.	Other Information	17
Item 6.	Exhibits	17
	Signatures	18

 

 

 

PART I - FINANCIAL INFORMATION

  

ITEM 1. FINANCIAL STATEMENTS

 

 

ALTAIR INTERNATIONAL CORP.

INDEX TO FINANCIAL STATEMENTS 

 

Consolidated Balance Sheets as of June 30, 2023 (unaudited) and March 31, 2023	4
Consolidated Statements of Operations for the Three Months ended June 30, 2023 and 2022 (unaudited)	5
Consolidated Statement of Stockholders’ Equity (Deficit) for the Three Months ended June 30, 2023 and 2022 (unaudited)	6
Consolidated Statements of Cash Flows for the Three Months ended June 30, 2023 and 2022 (unaudited)	7
Notes to the Consolidated Financial Statements (unaudited)	8

 

  ALTAIR INTERNATIONAL CORP.

CONSOLIDATED BALANCE SHEETS

 

		June 30, 2023				March 31, 2023
ASSETS			(unaudited)
Current Assets:
Cash		$	28,739			$	28,897
Prepaid			3,990				—
Prepaid stock compensation			—				7,980
Total Current Assets			32,729				36,877
Total Assets		$	32,729			$	36,877
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
Accounts payable		$	5,761			$	3,500
Accrued compensation			35,000				25,500
Loans payable			14,165				14,165
Interest payable			6,967				3,889
Convertible notes payable, net of debt discount of $84,794 and $129,180, respectively			79,150				47,844
Derivative liability			208,836				88,169
Total Current Liabilities			349,879				183,067
Total Liabilities			349,879				183,067
Stockholders’ Equity (Deficit):
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, no shares issued			—				—
Common Stock, $0.001 par value, 5,000,000,000 shares authorized; 24,692,449 and 24,692,449 shares issued and outstanding, respectively			24,693				24,693
Additional paid in capital			16,945,642				16,945,642
Accumulated deficit			(17,287,485	)			(17,116,525	)
Total Stockholders' Equity (Deficit)			(317,150	)			(146,190	)
Total Liabilities and Stockholders' Deficit		$	32,729			$	36,877

 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

 

ALTAIR INTERNATIONAL CORP.

		For The Three Months Ended June 30,
		2023				2022
Operating Expenses:
Compensation – related party		$	12,000			$	102,000
Director fees			7,500				7,500
General and administrative			21,409				32,108
Total operating expenses			40,909				141,608
Loss from operations			(40,909	)			(141,608	)
Other Income (Expense):
Interest expense			(34,384	)			(63,855	)
Change in fair value derivative			(84,795	)			14,315
Loss on issuance of convertible debt			(10,872	)			(6,149	)
Total other expense			(130,051	)			(55,689	)
Loss before provision for income taxes			(170,960	)			(197,297	)
Provision for income taxes			—				—
Net Loss		$	(170,960	)		$	(197,297	)
Loss per share, basic and diluted		$	(0.01	)		$	(0.01	)
Weighted average shares outstanding, basic and diluted			24,692,449				23,807,191

 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

 

ALTAIR INTERNATIONAL CORP.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

		Common Stock								Additional Paid in				Common Stock To be				Accumulated				Total Stockholders'
		Shares				Amount				Capital				Issued				Deficit				(Deficit)
Balance, March 31, 2023			24,692,449			$	24,693			$	16,945,642			$	—			$	(17,116,525	)		$	(146,190	)
Net loss			—				—				—				—				(170,960	)			(170,960	)
Balance, June 30, 2023			24,692,449			$	24,693			$	16,945,642			$	—			$	(17,287,485	)		$	(317,150	)

		Common Stock								Additional Paid in				Accumulated				Total Stockholders' Equity
		Shares				Amount				Capital				Deficit				(Deficit)
Balance, March 31, 2022			23,769,668			$	23,770			$	15,357,857			$	(15,366,176	)		$	15,451
Shares issued for debt			117,769				118				63,743				—				63,861
Net loss			—				—				—				(197,297	)			(197,297	)
Balance, June 30, 2022			23,887,437			$	23,888			$	15,421,600			$	(15,563,473	)		$	(117,985	)

 

  

The accompanying notes are an integral part of these unaudited consolidated financial statements.

 

 

ALTAIR INTERNATIONAL CORP.

		For the Three Months Ended June 30,
		2023				2022
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss		$	(170,960	)		$	(197,297	)
Adjustments to reconcile net loss to net cash used in operating activities:
Debt discount expense			31,306				60,001
Stock based compensation			—				90,000
Loss on issuance of convertible debt			10,872				6,149
Change in fair value of derivative			84,795				(14,315	)
Changes in Operating Assets and Liabilities:
Prepaids and deposits			3,990				—
Accounts payable			2,261				20,500
Accrued compensation			9,500				5,000
Accrued interest			3,078				3,854
Net Cash Used in Operating Activities			(25,158	)			(26,108	)
CASH FLOWS FROM INVESTING ACTIVITIES:			—				—
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable			25,000				35,000
Net Cash Provided by Financing Activities			25,000				35,000
Net Change in Cash			(158	)			8,892
Cash at Beginning of Period			28,897				20,917
Cash at End of Period		$	28,739			$	29,809
Cash paid during the year for:
Interest		$	—			$	—
Income taxes		$	—			$	—
Supplemental non-cash disclosure:
Common stock issued for conversion of debt		$	—			$	63,861

 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

 

ALTAIR INTERNATIONAL CORP.

Notes to the Unaudited Consolidated Financial Statements

June 30, 2023

 

 

NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS

Organization and Description of Business

ALTAIR INTERNATIONAL CORP. (the “Company” “Altair”) was incorporated under the laws of the State of Nevada on December 20, 2012. The Company’s physical address is 322 North Shore Drive, Building 1B, Suite 200, Pittsburgh, PA 15212.

 

License and Royalty Agreement

On February 10, 2021, the Company entered into a License and Royalty Agreement (the “License Agreement”) with St-Georges Eco-Mining Corp. (“SX”) and St-Georges Metallurgy Corp. (“SXM”) under which Altair has received a perpetual, non-exclusive license from SX of its lithium extraction technology for Altair to develop its lithium bearing prospects in the United States and SXM’s EV battery recycling technology for which Altair has agreed to act as exclusive master agent to promote the licensing and deployment of the EV battery recycling technology in North America. Altair has agreed to provide SX with a net revenue interest royalty on all metals and minerals extracted (the “Products”) and sold from Altair’s mineral interests in the United States and SX has agreed to provide Altair with a 1% trailer fee on any royalty received by SX from the licensing of the SX EV battery recycling technology to each licensee of the SX EV battery recycling technology referred by Altair or Altair’s sub-agents. Altair will pay a royalty of 5% of the net revenue received by Altair for sales of Products using the lithium extraction technology which decreases to 3% of the net revenue on all payments in excess of US $8,000,000 of production on an annualized basis.

 

The lithium extraction technology remains under development by SX and SXM.

 

EVLS

In August of 2021, the Company filed a patent application with the USPTO for its carbon nanotube/graphene based battery technology, which was comprised of 20 claims. In late November of 2021, we received a non-final rejection notice from the USPTO, citing a number of issues with the claims that would require amendment and/or modification. As we wish to submit a patent application with new ‘artwork,’ or technical drawings, we have decided to file a new patent application when feasible, as per USPTO policy an applicant cannot submit new artwork with an amended application. The technology remains viable, under further development, and, in our view, holds great potential to have a disruptive impact in the battery space.

 

 

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the three month period ending June 30, 2023, and not necessarily indicative of the results to be expected for the full year ending March 31, 2024. These unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2023.

 

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

 

Concentrations of Credit Risk

We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.

 

8

 

Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of June 30, 2023 and March 31, 2023.

 

Principles of Consolidation

The accompanying consolidated financial statements for the three months ended June 30, 2023, include the accounts of the Company and its wholly owned subsidiary, EV Lithium Solutions, Inc. All significant intercompany transactions have been eliminated in consolidation.

 

Mining Expenses

The Company records all mining exploration and evaluation costs as expenses in the period in which they are incurred.

 

Fair Value of Financial Instruments

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

 

Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3:	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

 

The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximate the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.

 

The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of:

 

June 30, 2023

 

	Description			Level 1				Level 2				Level 3
	Derivative			$	—			$	—			$	208,836
	Total			$	—			$	—			$	208,836

 

March 31, 2023

 

	Description			Level 1				Level 2				Level 3
	Derivative			$	—			$	—			$	88,169
	Total			$	—			$	—			$	88,169

 

 

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect.  These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. 

 

 

NOTE 3 – GOING CONCERN

 

The Company’s unaudited consolidated financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $17,287,485 as of June 30, 2023. Further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern.  The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from third parties and/or private placement of common stock. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

 

NOTE 4 – CONVERTIBLE NOTES PAYABLE

A summary of the Company’s convertible notes as of June 30, 2023, is presented below:

 

Note Holder		Date				Maturity Date		Interest				Balance March 31, 2023				Additions				Conversions				Balance June 30, 2023
Thirty 05, LLC (1)			1/25/2022			1/25/2024			8	%		$	5,000			$	—			$	—			$	5,000
Thirty 05, LLC (2)			3/7/2022			3/7/2024			8	%		$	2,500			$	—			$	—			$	2,500
Thirty 05, LLC (2)			5/19/2022			5/19/2023			8	%		$	15,000			$	—			$	—			$	15,000
EROP Enterprises (3)			11/14/2022			11/14/2023			8	%			10,000				—				—				10,000
EROP Enterprises (4)			12/15/2022			12/15/2023			8	%			51,444			$	—				—			$	51,444
EROP Enterprises (4)			12/29/2022			12/29/2023			8	%			25,000			$	—				—			$	25,000
EROP Enterprises (4)			2/13/2023			2/13/2024			8	%			10,000			$	—				—			$	10,000
EROP Enterprises (5)			3/28/2023			3/28/2024			8	%			20,000				—				—				20,000
EROP Enterprises (6)			6/14/2023			6/14/2024			8	%			—				25,000				—				25,000
						Total						$	138,944			$	25,000			$	—			$	163,944
						Less Discount						$	(91,100	)										$	(84,794	)
						Total						$	47,844											$	79,150

 

On January 25, 2023, EROP Enterprises LLC, agreed to extend the convertible promissory notes dated January 25, 2022 and March 7, 2022 by one additional year.

 

Total accrued interest on the above Notes as of June 30, 2023 and March 31, 2023, is $6,967 and $3,889, respectively.

 

	(1)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of $1.00 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.
	(2)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of $0.50 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.
	(3)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of $0.375 or 80% of the lowest closing bid price of the common stock in the 5 days prior to conversion.
	(4)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of $0.375 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.

 

10

 

	(5)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.07 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.
	(6)	On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.10 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.

 

A summary of the activity of the derivative liability for the notes above is as follows:

Balance at March 31, 2023		$	88,169
Increase to derivative due to new issuances			35,872
Decrease to derivative due to conversion/repayments			—
Derivative loss due to mark to market adjustment			84,795
Balance at June 30, 2023		$	208,836

  

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of June 30, 2023 and March 31, 2023, is as follows:

 

Inputs		June 30, 2023				March 31, 2023
Stock price		$	0.11			$	0.051
Conversion price		$	0.07 – 0.08			$	0.015 – 0.056
Volatility (annual)			252.12% - 373.39	%			187.53% - 200.08	%
Risk-free rate			5.43 - 5.47				4.64 - 4.94
Dividend rate			—				—
Years to maturity			.25 - .96				.13 - .99

     

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy at the time of conversion is as follows:

 

Inputs		June 30, 2023				March 31, 2023
Stock price		$	—			$	0.01 – 0.0141
Conversion price		$	—			$	0.0106 – 0.0105
Volatility (annual)			—				140.81 – 196.26	%
Risk-free rate			—				1.15 – 4.72	%
Dividend rate			—				—
Years to maturity			—				.25 – .45

   

The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management.

 

 

NOTE 5 – LOAN PAYABLE

 

A summary of the Company’s loans payable as of June 30, 2023 is presented below:

 

Note Holder		Date				Maturity Date		Interest				Balance March 31, 2023				Additions				Repayments				Balance June 30, 2023
Third party			8/24/2020			8/24/2021			0	%			14,165			$	—			$	—			$	14,165

   

 

NOTE 6 – COMMON STOCK

 

Effective January 25, 2023, the Company effectuated a 1 for 25 reverse stock split and reduced its authorized shares of common stock from 5,000,000,000 (5 billion) to 500,000,000 (500 million). All shares of common stock throughout these financial statements have been retroactively adjusted to reflect the reverse split. As a result of the reverse split, $592,619 was reclassed from the common stock to additional paid in capital account.

 

 

NOTE 7 – WARRANTS

 

On October 15, 2020, the Company entered into a service agreement with a third party for a term of six months. Per the terms of the agreement the party was granted 40,000 warrants to purchase shares of common stock. The warrant vested on April 15, 2021. The warrants have an exercise price $0.25 and expire in three years. The aggregate fair value of the warrants totaled $180,000 based on the Black Scholes Merton pricing model using the following estimates: stock price of $4.50, exercise price of $0.25, 1.57% risk free rate, 735.46% volatility and expected life of the warrants of 3 years.

 

A summary of the status of the Company’s outstanding stock warrants and changes during the year is presented below:

 

				Number of Warrants				Weighted Average Price				Weighted Average Fair Value				Aggregate Intrinsic Value
	Outstanding, March 31, 2023				40,000			$	0.25			$	0.18			$	—
	Issued				—			$	—			$	—				—
	Exercised				—			$	—			$	—				—
	Expired				—			$	—			$	—				—
	Exercisable, June 30, 2023				40,000			$	0.25			$	0.18			$	—

   

 

Range of Exercise Prices

Number Outstanding 6/30/2023

Weighted Average Remaining Contractual Life

Weighted Average Exercise Price

$0.25

40,000

.29 years

$0.25

 

The aggregate intrinsic value represents the total pretax intrinsic value, based on warrants with an exercise price less than the Company’s stock price as of June 30, 2023, which would have been received by the warrant holder had the warrant holder exercised their warrants as of that date.

 

 

NOTE 8 – RELATED PARTY TRANSACTIONS

 

During the three months ended June 30, 2023 and 2022, the Company paid Mr. Leonard Lovallo $10,000 and $12,000 for his role as Chief Executive Officer and President of the Company. As of June 30, 2023 and March 31, 2023, the Company has accrued $20,000 and $18,000 of compensation due to Mr. Lovallo, respectively.

 

On January 8, 2022, the Company renewed and extended its contract with its CEO for a term of one year. As a signing bonus, Mr. Lovallo was granted 400,000 shares of the Company’s common stock. The shares were valued at $0.90, for total expense of $360,000, which was amortized over the one-year term. Mr. Lovallo’s contract was extended for another year on January 1, 2023.

 

As of June 30, 2023 and March 31, 2023, the Company owes Ramzi Khoury $15,000 and $7,500, respectively, for director fees.

 

 

NOTE 9 – SUBSEQUENT EVENTS

 

In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

 

ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

 

 

FORWARD-LOOKING STATEMENTS

 

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “foresee,” “estimate” and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted. You should read this report completely and with the understanding that actual future results may be materially different from what we expect. The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report. We will not update forward-looking statements even though our situation may change in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

 

 

Our Business

 

Altair International Corp. (“Altair”) is a development stage company that was incorporated in Nevada on December 20, 2012. The Company is currently in very preliminary discussions with a number of acquisition targets, each of which we believe would deliver significant value to our shareholders.

 

The Company is currently engaged in identifying and assessing new business opportunities.

 

Earn-In Agreement

On November 23, 2020, the Company entered into an Earn-In Agreement with American Lithium Minerals, Inc. (“AMLM”) under which we agreed to make total payments of $75,000 to AMLM in exchange for a 10% undivided interest in 63 unpatented placer mining claims comprised of approximately 1,260 acres, and 3 unpatented lode mining claims in Nevada. This $75,000 obligation has been fully satisfied by the Company ($30,000 paid 12/8/2020 and $45,000 paid 1/5/2021), resulting in Altair owning a 10% undivided interest in the claims. The Company has the option to increase its ownership interest by an additional 50% by a total payment of $1,300,648 for exploration and development costs as follows: $100,648 within year one for an additional 10/%, $600,000 in year two for an additional 20% and $600,000 in year three for an additional 20% ownership interest. The Earn-In Agreement grants Altair the exclusive right to explore the properties. In July 2021, the Company undertook a sampling and testing program on the Stonewall lithium project, which returned results showing anomalous lithium content. During 2022, Altair satisfied payment of the claim fees due to the Unites States Bureau of Land Management, and in August of 2022, Altair and AMLM entered into a 2^nd Amendment to the original Earn-In Agreement, which, among other things, detailed that that parties agreed that the 2021 Calendar Year work commitment had been satisfied, and made certain changes to the required Annual Work Commitments required to be satisfied by Altair for the ’22, ’23, and ’24 calendar years. Further sampling and testing will be required to advance the Stonewall project.

 

License and Royalty Agreement

On February 10, 2021, the Company entered into a License and Royalty Agreement (the “License Agreement”) with St-Georges Eco-Mining Corp. (“SX”) and St-Georges Metallurgy Corp. (“SXM”) under which Altair has received a perpetual, non-exclusive license from SX of its lithium extraction technology for Altair to develop its lithium bearing prospects in the United States and SXM’s EV battery recycling technology for which Altair has agreed to act as exclusive master agent to promote the licensing and deployment of the EV battery recycling technology in North America. Altair has agreed to provide SX with a net revenue interest royalty on all metals and minerals extracted (the “Products”) and sold from Altair’s mineral interests in the United States and SX has agreed to provide Altair with a 1% trailer fee on any royalty received by SX from the licensing of the SX EV battery recycling technology to each licensee of the SX EV battery recycling technology referred by Altair or Altair’s sub-agents. Altair will pay a royalty of 5% of the net revenue received by Altair for sales of Products using the lithium extraction technology which decreases to 3% of the net revenue on all payments in excess of US$8,000,000 of production on an annualized basis.

 

Activities of our wholly-owned subsidiary, EV Lithium Solution, Inc. (EVLS)

On March 19, 2021, EVLS acquired a 100% interest in the IP related to a novel, solid state lithium/graphene battery technology from Cryptosolar Ltd., a Company domiciled in the United Kingdom. We continue to invest in the research and development of this technology and such development is moving forward rapidly. We are currently in the process of patenting the technology and are exploring options for commercialization. On July 21, 2021, the Company engaged Mr. Matthew Kiang to assist in our efforts to commercialize our battery technology, and on August 6, 2021, the Company filed its first patent application for this technology, which referenced 20 claims. In December 2021, we received a non-final rejection of the claims on various grounds and we have since determined that the most prudent course of action will be to file a new patent application rather than amend the existing application. We do not currently have an established timeline for our filing of a new patent application. We have eliminated the use of lithium in our battery platform, resulting in a technology which does not rely on any electrochemical reactions. This development results in an energy supply with a cost that will not be affected by the fluctuations in global lithium prices, and carries no risk of fire as lithium batteries do. We are currently and actively exploring options for commercialization of this technology, which we have named our Energy Storage Unit, or ESU.

 

RESULTS OF OPERATIONS

 

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and accordingly do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

 

We expect we will require additional capital to meet our long-term operating requirements. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from third parties andor private placements of common stock. No assurance can be given that such funds will be available.

 

Results of operations for the three months ended June 30, 2023 compared to the three months ended June 30, 2022.

 

Revenues

The Company has not recognized any revenue to date.

 

Compensation expense – related party, for the three months ended June 30, 2023, was $12,000 compared to $102,000 for the three months ended June 30, 2022. The Company incurs compensation expense for its CEO. In the prior period we recognized $90,000 of stock compensation expense from shares issued for services.

 

Director fees, for the three months ended June 30, 2023, was $7,500 compared to $7,500 for the three months ended June 30, 2022.

 

General and administrative expenses, for the three months ended June 30, 2023, were $21,409 compared to $32,108 for the three months ended June 30, 2022, a decrease of $10,699 or 33.3%. The decrease is mainly attributed to a decrease in expense for outside services.

 

Other Expense

Total other expense for the three months ended June 30, 2023, was $130,051, consisting of $34,384 of interest expense, which includes $31,306 of debt discount amortization, a loss on the issuance of convertible debt of $10,872 and a loss for the change in fair value of derivatives of $84,795. Total other expense for the three months ended June 30, 2022, was $55,689, consisting of $63,855 of interest expense, which includes $60,001 of debt discount amortization, a gain on the change in the fair value of derivative of $14,315 and a loss on the issuance of convertible debt of $6,149.

 

Net Loss

Net loss for the three months ended June 30, 2023, was $170,960 in comparison to a net loss of $197,297 for the three months ended June 30, 2022. The decrease to our net loss is largely attributed to the decrease in operating expense from the decrease to compensation expense.

 

Liquidity and Capital Resources

 

Cash flow used in Operating Activities.

We have not generated positive cash flows from operating activities. During the three months ended June 30, 2023, the Company used $25,158 of cash for operating activities compared to $26,108 of cash for operating activities in the prior period.

 

Cash flow from Financing Activities

We have financed our operations primarily from either advancements or the issuance of equity and debt instruments. During the three months ended June 30, 2023, the Company received $25,000 of cash from the issuance of a new convertible note. In the prior period we received $35,000 of cash from the issuance of a convertible note. 

 

Going Concern

 

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

 

Off-Balance Sheet Arrangements

 

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

 

Future Financings

 

We will continue to rely on equity sales of our common shares or debt financing arrangements in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

 

Critical Accounting Policies

 

Refer to our Form 10-K for the year ended March 31, 2023, for a full discussion of our critical accounting policies. 

 

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 

 

ITEM 4.

Controls and Procedures

 

Management’s Report Disclosure Controls and Procedures

 

During the quarter ended June 30, 2023, we carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were ineffective to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the required time periods specified in the Commission’s rules and forms and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

 

Our principal executive officer and principal financial officer, do not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected.

 

To address the material weaknesses, we performed additional analysis and other post-closing procedures in an effort to ensure our financial statements included in this annual report have been prepared in accordance with generally accepted accounting principles. In addition, we engaged accounting consultants to assist in the preparation of our financial statements. Accordingly, management believes that the financial statements included in this report fairly present in all material respects our financial condition, results of operations and cash flows for the periods presented.

 

Management’s Report on Internal Control over Financial Reporting

 

Internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) is a process designed by, or under the supervision of, our principal executive and principal financial officers, and effected by our board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The management is responsible for establishing and maintaining adequate internal control over our financial reporting. Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting using the Internal Control – Integrated Framework (2013) developed by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our internal control over financial reporting was not effective as of June 30, 2023.

 

We are aware of the following material weaknesses in internal control that could adversely affect the Company’s ability to record, process, summarize and report financial data:

 

•

Due to our size and limited resources, we currently do not employ the appropriate accounting personnel to ensure (a) we maintain proper segregation of duties, (b) that all transactions are entered timely and accurately, and (c) we properly account for complex or unusual transactions

 

•

Due to our size and scope of operations, we currently do not have an independent audit committee in place

 

•

Due to our size and limited resources, we have not properly documented a complete assessment of the effectiveness of the design and operation of our internal control over financial reporting.

 

Inherent limitations on effectiveness of controls

 

Internal control over financial reporting has inherent limitations, which include but is not limited to the use of independent professionals for advice and guidance, interpretation of existing and/or changing rules and principles, segregation of management duties, scale of organization, and personnel factors. Internal control over financial reporting is a process, which involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting also can be circumvented by collusion or improper management override. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements on a timely basis, however these inherent limitations are known features of the financial reporting process and it is possible to design into the process safeguards to reduce, though not eliminate, this risk. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

 

Changes in Internal Control over Financial Reporting

 

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended June 30, 2023, that have materially or are reasonably likely to materially affect our internal controls over financial reporting.

 

 PART II - OTHER INFORMATION

 

 

ITEM 1.

LEGAL PROCEEDINGS

 

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

 

 

ITEM 1A.

RISK FACTORS

 

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

 

 

ITEM 2.

Unregistered Sales of Equity Securities and Use of Proceeds.

 

None.

 

 

ITEM 3.

Defaults Upon Senior Securities

 

None.

 

 

ITEM 4.

MINE SAFETY DISCLOSURES

 

Not applicable.

 

 

ITEM 5.

OTHER INFORMATION

 

None.

 

 

ITEM 6.

EXHIBITS

 

Exhibit Number	Description of Exhibit	Filing
3.01	Articles of Incorporation	Filed with the SEC on July 29, 2013 as part of our Registration Statement on Form S-1.
3.02	Bylaws	Filed with the SEC on July 29, 2013 as part of our Registration Statement on Form S-1.
31.01	CEO and CFO Certification Pursuant to Rule 13a-14	Filed herewith.
32.01	CEO and CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
101.INS*	Inline XBRL Instance Document	Filed herewith.
101.SCH*	Inline XBRL Taxonomy Extension Schema Document	Filed herewith.
101.CAL*	Inline XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith.
101.LAB*	Inline XBRL Taxonomy Extension Labels Linkbase Document	Filed herewith.
101.PRE*	Inline XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.
101.DEF*	Inline XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith.

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

ALTAIR INTERNATIONAL CORP.

 

Dated: September 5, 2023

/s/ Leonard Lovallo                    

By: Leonard Lovallo

Its: President, CEO and Director

 

 

18

EXHIBIT 31.1

 

CERTIFICATION

 

I, Leonard Lovallo, certify that:

 

1.	I have reviewed this Quarterly Report on Form 10-Q/A of Altair International Corp. (the “Company”);

 

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented ire this report;

 

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have:

 

a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c.

Evaluated the effectiveness of the Company’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d.

Disclosed in this report any change in the Company’s internal control over financial reporting that occurred during the Company’s most recent fiscal quarter (the Company’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting; and

 

5.	I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company’s auditors and the audit committee of the Company’s board of directors (or persons performing the equivalent functions):

 

a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Company’s ability to record, process, summarize and report financial information; and

 

b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s internal control over financial reporting.

 

 

Date: September 5, 2023

		/s/ Leonard Lovallo
		Leonard Lovallo
		Chief Executive Officer and Chief Financial Officer

 EXHIBIT 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 

 

In connection with the Quarterly Report of Altair International Corp. (the “Company”) on Form 10-Q/A for the period ended June 30, 2023, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Leonard Lovallo, Principal Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

Date: September 5, 2023		/s/ Leonard Lovallo
		Leonard Lovallo
		Chief Executive Officer

v3.23.2

Cover - shares	3 Months Ended
	Jun. 30, 2023	Aug. 10, 2023
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	EXPLANATORY NOTE
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--03-31
Entity File Number	333-190235
Entity Registrant Name	ALTAIR INTERNATIONAL CORP.
Entity Central Index Key	0001570937
Entity Tax Identification Number	99-0385465
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	322 North Shore Drive
Entity Address, Address Line Two	Building 1B, Suite 200
Entity Address, City or Town	Pittsburgh
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15212
City Area Code	412
Local Phone Number	770-3140
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		24,692,449

v3.23.2

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2023	Mar. 31, 2023
Current Assets:
Cash	$ 28,739	$ 28,897
Prepaid	3,990
Prepaid stock compensation		7,980
Total Current Assets	32,729	36,877
Total Assets	32,729	36,877
Current Liabilities:
Accounts payable	5,761	3,500
Accrued compensation	35,000	25,500
Loans payable	14,165	14,165
Interest payable	6,967	3,889
Convertible notes payable, net of debt discount of $84,794 and $129,180, respectively	79,150	47,844
Derivative liability	208,836	88,169
Total Current Liabilities	349,879	183,067
Total Liabilities	349,879	183,067
Stockholders’ Equity (Deficit):
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, no shares issued
Common Stock, $0.001 par value, 5,000,000,000 shares authorized; 24,692,449 and 24,692,449 shares issued and outstanding, respectively	24,693	24,693
Additional paid in capital	16,945,642	16,945,642
Accumulated deficit	(17,287,485)	(17,116,525)
Total Stockholders' Equity (Deficit)	(317,150)	(146,190)
Total Liabilities and Stockholders' Deficit	$ 32,729	$ 36,877

v3.23.2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2023	Jun. 30, 2022
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	5,000,000,000	5,000,000,000
Common Stock, Shares, Issued	24,692,449	24,692,449
Common Stock, Shares, Outstanding	24,692,449	24,692,449

v3.23.2

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating Expenses:
Compensation – related party	$ 12,000	$ 102,000
Director fees	7,500	7,500
General and administrative	21,409	32,108
Total operating expenses	40,909	141,608
Loss from operations	(40,909)	(141,608)
Other Income (Expense):
Interest expense	(34,384)	(63,855)
Change in fair value derivative	(84,795)	14,315
Loss on issuance of convertible debt	(10,872)	(6,149)
Total other expense	(130,051)	(55,689)
Loss before provision for income taxes	(170,960)	(197,297)
Provision for income taxes
Net Loss	$ (170,960)	$ (197,297)
Loss per share, basic and diluted	$ (0.01)	$ (0.01)
Weighted average shares outstanding, basic and diluted	24,692,449	23,807,191

v3.23.2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Mar. 31, 2022	$ 23,770	$ 15,357,857		$ (15,366,176)	$ 15,451
Shares, Outstanding, Beginning Balance at Mar. 31, 2022	23,769,668
Net loss				(197,297)	(197,297)
Shares issued for debt	$ 118	63,743			63,861
Stock Issued During Period, Shares, Conversion of Convertible Securities	117,769
Ending balance, value at Jun. 30, 2022	$ 23,888	15,421,600		(15,563,473)	(117,985)
Shares, Outstanding, Ending Balance at Jun. 30, 2022	23,887,437
Beginning balance, value at Mar. 31, 2023	$ 24,693	16,945,642		(17,116,525)	(146,190)
Shares, Outstanding, Beginning Balance at Mar. 31, 2023	24,692,449
Net loss				(170,960)	(170,960)
Ending balance, value at Jun. 30, 2023	$ 24,693	$ 16,945,642		$ (17,287,485)	$ (317,150)
Shares, Outstanding, Ending Balance at Jun. 30, 2023	24,692,449

v3.23.2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$ (170,960)	$ (197,297)
Adjustments to reconcile net loss to net cash used in operating activities:
Debt discount expense	31,306	60,001
Stock based compensation		90,000
Loss on issuance of convertible debt	10,872	6,149
Change in fair value of derivative	84,795	(14,315)
Changes in Operating Assets and Liabilities:
Prepaids and deposits	3,990
Accounts payable	2,261	20,500
Accrued compensation	9,500	5,000
Accrued interest	3,078	3,854
Net Cash Used in Operating Activities	(25,158)	(26,108)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable	25,000	35,000
Net Cash Provided by Financing Activities	25,000	35,000
Net Change in Cash	(158)	8,892
Cash at Beginning of Period	28,897	20,917
Cash at End of Period	28,739	29,809
Interest
Income taxes
Supplemental non-cash disclosure:
Common stock issued for conversion of debt		$ 63,861

v3.23.2

NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS	3 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS Organization and Description of Business ALTAIR INTERNATIONAL CORP. (the “Company” “Altair”) was incorporated under the laws of the State of Nevada on December 20, 2012. The Company’s physical address is 322 North Shore Drive, Building 1B, Suite 200, Pittsburgh, PA 15212.   License and Royalty Agreement On February 10, 2021, the Company entered into a License and Royalty Agreement (the “License Agreement”) with St-Georges Eco-Mining Corp. (“SX”) and St-Georges Metallurgy Corp. (“SXM”) under which Altair has received a perpetual, non-exclusive license from SX of its lithium extraction technology for Altair to develop its lithium bearing prospects in the United States and SXM’s EV battery recycling technology for which Altair has agreed to act as exclusive master agent to promote the licensing and deployment of the EV battery recycling technology in North America. Altair has agreed to provide SX with a net revenue interest royalty on all metals and minerals extracted (the “Products”) and sold from Altair’s mineral interests in the United States and SX has agreed to provide Altair with a 1% trailer fee on any royalty received by SX from the licensing of the SX EV battery recycling technology to each licensee of the SX EV battery recycling technology referred by Altair or Altair’s sub-agents. Altair will pay a royalty of 5% of the net revenue received by Altair for sales of Products using the lithium extraction technology which decreases to 3% of the net revenue on all payments in excess of US $8,000,000 of production on an annualized basis.   The lithium extraction technology remains under development by SX and SXM.   EVLS In August of 2021, the Company filed a patent application with the USPTO for its carbon nanotube/graphene based battery technology, which was comprised of 20 claims. In late November of 2021, we received a non-final rejection notice from the USPTO, citing a number of issues with the claims that would require amendment and/or modification. As we wish to submit a patent application with new ‘artwork,’ or technical drawings, we have decided to file a new patent application when feasible, as per USPTO policy an applicant cannot submit new artwork with an amended application. The technology remains viable, under further development, and, in our view, holds great potential to have a disruptive impact in the battery space.

v3.23.2

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the three month period ending June 30, 2023, and not necessarily indicative of the results to be expected for the full year ending March 31, 2024. These unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2023.   Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.   Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.   Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of June 30, 2023 and March 31, 2023.   Principles of Consolidation The accompanying consolidated financial statements for the three months ended June 30, 2023, include the accounts of the Company and its wholly owned subsidiary, EV Lithium Solutions, Inc. All significant intercompany transactions have been eliminated in consolidation.   Mining Expenses The Company records all mining exploration and evaluation costs as expenses in the period in which they are incurred.   Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:   Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.     Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.     Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data.   The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximate the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.   The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of:   June 30, 2023     Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 208,836     Total     $ —       $ —       $ 208,836     March 31, 2023     Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 88,169     Total     $ —       $ —       $ 88,169       Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect.  These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

v3.23.2

NOTE 3 – GOING CONCERN	3 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NOTE 3 – GOING CONCERN	NOTE 3 – GOING CONCERN   The Company’s unaudited consolidated financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $17,287,485 as of June 30, 2023. Further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern.  The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from third parties and/or private placement of common stock. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

v3.23.2

NOTE 4 – CONVERTIBLE NOTES PAYABLE	3 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
NOTE 4 – CONVERTIBLE NOTES PAYABLE	NOTE 4 – CONVERTIBLE NOTES PAYABLE A summary of the Company’s convertible notes as of June 30, 2023, is presented below:   Note Holder   Date   Maturity Date   Interest   Balance March 31, 2023   Additions   Conversions   Balance June 30, 2023 Thirty 05, LLC (1)     1/25/2022     1/25/2024     8 %    $ 5,000      $ —       $ —        $ 5,000   Thirty 05, LLC (2)     3/7/2022     3/7/2024     8 %    $ 2,500      $ —       $ —        $ 2,500   Thirty 05, LLC (2)     5/19/2022      5/19/2023     8 %     $ 15,000      $ —       $ —        $ 15,000   EROP Enterprises (3)      11/14/2022      11/14/2023      8 %     10,000       —        —         10,000   EROP Enterprises (4)      12/15/2022      12/15/2023      8 %     51,444     $ —        —        $ 51,444   EROP Enterprises (4)     12/29/2022     12/29/2023      8 %     25,000     $ —        —        $ 25,000   EROP Enterprises (4)     2/13/2023     2/13/2024      8 %      10,000     $ —        —        $ 10,000   EROP Enterprises (5)     3/28/2023     3/28/2024     8 %     20,000       —        —         20,000   EROP Enterprises (6)     6/14/2023     6/14/2024     8 %     —         25,000       —         25,000               Total     $ 138,944     $ 25,000     $ —       $ 163,944               Less Discount     $ (91,100 )                   $ (84,794 )             Total     $ 47,844                     $ 79,150     On January 25, 2023, EROP Enterprises LLC, agreed to extend the convertible promissory notes dated January 25, 2022 and March 7, 2022 by one additional year.   Total accrued interest on the above Notes as of June 30, 2023 and March 31, 2023, is $6,967 and $3,889, respectively.     (1) On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of $1.00 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.         (2) On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of $0.50 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.         (3) On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of $0.375 or 80% of the lowest closing bid price of the common stock in the 5 days prior to conversion.         (4) On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of $0.375 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.     (5) On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.07 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.         (6) On notice, the Note holder has the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of the lesser of (i)$0.10 or 70% of the lowest closing bid price of the common stock in the 5 days prior to conversion.   A summary of the activity of the derivative liability for the notes above is as follows:           Balance at March 31, 2023   $ 88,169   Increase to derivative due to new issuances     35,872   Decrease to derivative due to conversion/repayments     —     Derivative loss due to mark to market adjustment     84,795   Balance at June 30, 2023   $ 208,836      A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of June 30, 2023 and March 31, 2023, is as follows:   Inputs   June 30, 2023   March 31, 2023 Stock price   $ 0.11     $ 0.051   Conversion price   $ 0.07 – 0.08     $ 0.015 – 0.056   Volatility (annual)     252.12% - 373.39 %     187.53% - 200.08 % Risk-free rate     5.43 - 5.47       4.64 - 4.94   Dividend rate     —         —     Years to maturity     .25 - .96       .13 - .99         A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy at the time of conversion is as follows:   Inputs   June 30, 2023   March 31, 2023 Stock price   $ —     $ 0.01 – 0.0141   Conversion price   $ —     $ 0.0106 – 0.0105   Volatility (annual)     —       140.81 – 196.26 % Risk-free rate     —       1.15 – 4.72 % Dividend rate     —       —     Years to maturity     —       .25 – .45       The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management.

v3.23.2

NOTE 5 – LOAN PAYABLE	3 Months Ended
	Jun. 30, 2023
Note 5 Loan Payable
NOTE 5 – LOAN PAYABLE	NOTE 5 – LOAN PAYABLE   A summary of the Company’s loans payable as of June 30, 2023 is presented below:   Note Holder   Date   Maturity Date   Interest   Balance March 31, 2023   Additions   Repayments   Balance June 30, 2023 Third party     8/24/2020     8/24/2021     0 %     14,165     $ —     $ —       $ 14,165

v3.23.2

NOTE 6 – COMMON STOCK	3 Months Ended
	Jun. 30, 2023
Equity [Abstract]
NOTE 6 – COMMON STOCK	NOTE 6 – COMMON STOCK   Effective January 25, 2023, the Company effectuated a 1 for 25 reverse stock split and reduced its authorized shares of common stock from 5,000,000,000 (5 billion) to 500,000,000 (500 million). All shares of common stock throughout these financial statements have been retroactively adjusted to reflect the reverse split. As a result of the reverse split, $592,619 was reclassed from the common stock to additional paid in capital account.

v3.23.2

NOTE 7 – WARRANTS	3 Months Ended
	Jun. 30, 2023
Note 7 Warrants
NOTE 7 – WARRANTS	NOTE 7 – WARRANTS   On October 15, 2020, the Company entered into a service agreement with a third party for a term of six months. Per the terms of the agreement the party was granted 40,000 warrants to purchase shares of common stock. The warrant vested on April 15, 2021. The warrants have an exercise price $0.25 and expire in three years. The aggregate fair value of the warrants totaled $180,000 based on the Black Scholes Merton pricing model using the following estimates: stock price of $4.50, exercise price of $0.25, 1.57% risk free rate, 735.46% volatility and expected life of the warrants of 3 years.   A summary of the status of the Company’s outstanding stock warrants and changes during the year is presented below:       Number of Warrants   Weighted Average Price   Weighted Average Fair Value   Aggregate Intrinsic Value   Outstanding, March 31, 2023       40,000     $ 0.25     $ 0.18     $ —       Issued       —       $ —       $ —         —       Exercised       —       $ —       $ —         —       Expired       —       $ —       $ —         —       Exercisable, June 30, 2023       40,000      $ 0.25     $ 0.18     $ —           Range of Exercise Prices   Number Outstanding 6/30/2023   Weighted Average Remaining Contractual Life   Weighted Average Exercise Price $0.25       40,000       .29 years       $0.25     The aggregate intrinsic value represents the total pretax intrinsic value, based on warrants with an exercise price less than the Company’s stock price as of June 30, 2023, which would have been received by the warrant holder had the warrant holder exercised their warrants as of that date.

v3.23.2

NOTE 8 – RELATED PARTY TRANSACTIONS	3 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
NOTE 8 – RELATED PARTY TRANSACTIONS	NOTE 8 – RELATED PARTY TRANSACTIONS   During the three months ended June 30, 2023 and 2022, the Company paid Mr. Leonard Lovallo $10,000 and $12,000 for his role as Chief Executive Officer and President of the Company. As of June 30, 2023 and March 31, 2023, the Company has accrued $20,000 and $18,000 of compensation due to Mr. Lovallo, respectively.   On January 8, 2022, the Company renewed and extended its contract with its CEO for a term of one year. As a signing bonus, Mr. Lovallo was granted 400,000 shares of the Company’s common stock. The shares were valued at $0.90, for total expense of $360,000, which was amortized over the one-year term. Mr. Lovallo’s contract was extended for another year on January 1, 2023.   As of June 30, 2023 and March 31, 2023, the Company owes Ramzi Khoury $15,000 and $7,500, respectively, for director fees.

v3.23.2

NOTE 9 – SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
NOTE 9 – SUBSEQUENT EVENTS	NOTE 9 – SUBSEQUENT EVENTS   In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

v3.23.2

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company’s unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the three month period ending June 30, 2023, and not necessarily indicative of the results to be expected for the full year ending March 31, 2024. These unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2023.
Use of estimates	Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.
Concentrations of Credit Risk	Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.
Cash Equivalents	Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of June 30, 2023 and March 31, 2023.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements for the three months ended June 30, 2023, include the accounts of the Company and its wholly owned subsidiary, EV Lithium Solutions, Inc. All significant intercompany transactions have been eliminated in consolidation.
Mining Expenses	Mining Expenses The Company records all mining exploration and evaluation costs as expenses in the period in which they are incurred.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:   Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.     Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.     Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data.   The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximate the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.   The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of:   June 30, 2023     Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 208,836     Total     $ —       $ —       $ 208,836     March 31, 2023     Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 88,169     Total     $ —       $ —       $ 88,169
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect.  These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

v3.23.2

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 208,836     Total     $ —       $ —       $ 208,836     March 31, 2023     Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 88,169     Total     $ —       $ —       $ 88,169

v3.23.2

NOTE 4 – CONVERTIBLE NOTES PAYABLE (Tables)	3 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Convertible Debt [Table Text Block]	Note Holder   Date   Maturity Date   Interest   Balance March 31, 2023   Additions   Conversions   Balance June 30, 2023 Thirty 05, LLC (1)     1/25/2022     1/25/2024     8 %    $ 5,000      $ —       $ —        $ 5,000   Thirty 05, LLC (2)     3/7/2022     3/7/2024     8 %    $ 2,500      $ —       $ —        $ 2,500   Thirty 05, LLC (2)     5/19/2022      5/19/2023     8 %     $ 15,000      $ —       $ —        $ 15,000   EROP Enterprises (3)      11/14/2022      11/14/2023      8 %     10,000       —        —         10,000   EROP Enterprises (4)      12/15/2022      12/15/2023      8 %     51,444     $ —        —        $ 51,444   EROP Enterprises (4)     12/29/2022     12/29/2023      8 %     25,000     $ —        —        $ 25,000   EROP Enterprises (4)     2/13/2023     2/13/2024      8 %      10,000     $ —        —        $ 10,000   EROP Enterprises (5)     3/28/2023     3/28/2024     8 %     20,000       —        —         20,000   EROP Enterprises (6)     6/14/2023     6/14/2024     8 %     —         25,000       —         25,000               Total     $ 138,944     $ 25,000     $ —       $ 163,944               Less Discount     $ (91,100 )                   $ (84,794 )             Total     $ 47,844                     $ 79,150
Schedule of Derivative Liabilities at Fair Value [Table Text Block]	Balance at March 31, 2023   $ 88,169   Increase to derivative due to new issuances     35,872   Decrease to derivative due to conversion/repayments     —     Derivative loss due to mark to market adjustment     84,795   Balance at June 30, 2023   $ 208,836
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Inputs   June 30, 2023   March 31, 2023 Stock price   $ 0.11     $ 0.051   Conversion price   $ 0.07 – 0.08     $ 0.015 – 0.056   Volatility (annual)     252.12% - 373.39 %     187.53% - 200.08 % Risk-free rate     5.43 - 5.47       4.64 - 4.94   Dividend rate     —         —     Years to maturity     .25 - .96       .13 - .99         A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy at the time of conversion is as follows:   Inputs   June 30, 2023   March 31, 2023 Stock price   $ —     $ 0.01 – 0.0141   Conversion price   $ —     $ 0.0106 – 0.0105   Volatility (annual)     —       140.81 – 196.26 % Risk-free rate     —       1.15 – 4.72 % Dividend rate     —       —     Years to maturity     —       .25 – .45

v3.23.2

NOTE 5 – LOAN PAYABLE (Tables)	3 Months Ended
	Jun. 30, 2023
Note 5 Loan Payable
Schedule of Debt [Table Text Block]	Note Holder   Date   Maturity Date   Interest   Balance March 31, 2023   Additions   Repayments   Balance June 30, 2023 Third party     8/24/2020     8/24/2021     0 %     14,165     $ —     $ —       $ 14,165

v3.23.2

NOTE 7 – WARRANTS (Tables)	3 Months Ended
	Jun. 30, 2023
Note 7 Warrants
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Number of Warrants   Weighted Average Price   Weighted Average Fair Value   Aggregate Intrinsic Value   Outstanding, March 31, 2023       40,000     $ 0.25     $ 0.18     $ —       Issued       —       $ —       $ —         —       Exercised       —       $ —       $ —         —       Expired       —       $ —       $ —         —       Exercisable, June 30, 2023       40,000      $ 0.25     $ 0.18     $ —           Range of Exercise Prices   Number Outstanding 6/30/2023   Weighted Average Remaining Contractual Life   Weighted Average Exercise Price $0.25       40,000       .29 years       $0.25

v3.23.2

Liabilities measured at fair value on a recurring basis into the fair value hierarchy (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto-Asset [Line Items]
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto-Asset [Line Items]
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto-Asset [Line Items]
	208,836	88,169
	$ 208,836	$ 88,169

v3.23.2

NOTE 3 – GOING CONCERN (Details Narrative) - USD ($)	Jun. 30, 2023	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ (17,287,485)	$ (17,116,525)

v3.23.2

Convertible notes (Details) - USD ($)	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022
Short-Term Debt [Line Items]
Ending balance	$ 79,150	$ 47,844
Convertible Debt A 7 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	Thirty 05, LLC (1)
Debt Instrument, Issuance Date	Jan. 25, 2022
Debt Instrument, Maturity Date	Jan. 25, 2024
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 5,000		$ 5,000
Additions
Conversions
Conversions
Convertible Debt A 8 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	Thirty 05, LLC (2)
Debt Instrument, Issuance Date	Mar. 07, 2022
Debt Instrument, Maturity Date	Mar. 07, 2024
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 2,500		2,500
Additions
Conversions
Conversions
Convertible Debt A 9 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	Thirty 05, LLC (2)
Debt Instrument, Issuance Date	May 19, 2022
Debt Instrument, Maturity Date	May 19, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 15,000		15,000
Additions
Conversions
Conversions
Convertible Debt B 7 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (3)
Debt Instrument, Issuance Date	Nov. 14, 2022
Debt Instrument, Maturity Date	Nov. 14, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 10,000		10,000
Additions
Conversions
Conversions
Convertible Debt B 8 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (4)
Debt Instrument, Issuance Date	Dec. 15, 2022
Debt Instrument, Maturity Date	Dec. 15, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 51,444		51,444
Additions
Conversions
Conversions
Convertible Debt B 9 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (4)
Debt Instrument, Issuance Date	Dec. 29, 2022
Debt Instrument, Maturity Date	Dec. 29, 2023
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 25,000		25,000
Additions
Conversions
Conversions
Convertible Debt B 10 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (4)
Debt Instrument, Issuance Date	Feb. 13, 2023
Debt Instrument, Maturity Date	Feb. 13, 2024
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 10,000		10,000
Additions
Conversions
Conversions
Convertible Debt B 11 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (5)
Debt Instrument, Issuance Date	Mar. 28, 2023
Debt Instrument, Maturity Date	Mar. 28, 2024
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 20,000		20,000
Additions
Conversions
Conversions
Convertible Debt B 12 [Member]
Short-Term Debt [Line Items]
[custom:NoteHolder]	EROP Enterprises (6)
Debt Instrument, Issuance Date	Jun. 14, 2023
Debt Instrument, Maturity Date	Jun. 14, 2024
Debt Instrument, Interest Rate During Period	8.00%
Ending balance	$ 25,000
Additions	25,000
Conversions
Conversions
Convertible Debt Totals [Member]
Short-Term Debt [Line Items]
Ending balance	163,944		138,944
Additions	25,000
Conversions
Conversions
Ending balance	(84,794)		(91,100)
Ending balance	$ 79,150		$ 47,844

v3.23.2

Summary of the activity of the derivative liability for the notes (Details)	3 Months Ended
	Jun. 30, 2023 USD ($)
Debt Disclosure [Abstract]
Balance at March 31, 2023	$ 88,169
Increase to derivative due to new issuances	35,872
Decrease to derivative due to conversion/repayments
Derivative loss due to mark to market adjustment	84,795
Balance at June 30, 2023	$ 208,836

v3.23.2

Assumptions used in measuring fair value of derivative liability (Details) - $ / shares	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022
Short-Term Debt [Line Items]
Share Price	$ 0.11		$ 0.051
[custom:ConversionPriceMinimum]	0.07	$ 0.015
[custom:ConversionPriceMaximum]	$ 0.08	$ 0.056
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	252.12%	187.53%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	373.39%	200.08%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	5.43%	4.64%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	5.47%	4.94%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	3 months	1 month 17 days
[custom:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm2]	11 months 15 days	11 months 26 days
Debt Conversion [Member]
Short-Term Debt [Line Items]
Share Price		$ 0.0141
[custom:ConversionPriceMinimum]		0.0106
[custom:ConversionPriceMaximum]		$ 0.0105
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum		140.81%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum		196.26%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum		1.15%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum		4.72%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term		3 months
[custom:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm2]		5 months 12 days
[custom:SharePriceMinimum-0]		$ 0.01

v3.23.2

NOTE 4 – CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Accrued Liabilities, Current	$ 6,967	$ 3,889

v3.23.2

Summary of loans payable (Details) - Loans Payable A 1 [Member] - USD ($)	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023
Short-Term Debt [Line Items]
[custom:NoteHolder]	Third party
Debt Instrument, Issuance Date	Aug. 24, 2020
Debt Instrument, Maturity Date	Aug. 24, 2021
Debt Instrument, Interest Rate During Period	0.00%
Ending balance	$ 14,165	$ 14,165
Additions
Repayments

v3.23.2

NOTE 6 – COMMON STOCK (Details Narrative) - USD ($)	2 Months Ended	3 Months Ended
	Mar. 31, 2023	Jun. 30, 2023
Equity [Abstract]
Stockholders' Equity, Reverse Stock Split	1 for 25
Stock Issued During Period, Shares, Reverse Stock Splits	500,000,000
[custom:CommonStockReclassedToAdditionalPaidInCapital]		$ 592,619

v3.23.2

Summary of the status of outstanding stock warrants and changes (Details)	3 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Class of Warrant or Right [Line Items]
Weighted average price, outstanding at end of period	$ 0.25
Stock Warrant [Member]
Class of Warrant or Right [Line Items]
Number of warrants, outstanding at end of period | shares	40,000
Weighted average price, outstanding at end of period	$ 0.25
Weighted average fair value, outstanding at beginning of period	$ 0.18
Aggregate intrinsic value, outstanding at beginning of period | $
Number of warrants, outstanding at beginning of period | shares
Weighted average price, outstanding at beginning of period
Weighted average fair value, outstanding at beginning of period
Number of warrants, outstanding at beginning of period | shares
Weighted average price, outstanding at beginning of period
Weighted average fair value, outstanding at beginning of period
Number of warrants, outstanding at beginning of period | shares
Weighted average price, outstanding at beginning of period
Weighted average fair value, outstanding at beginning of period
Number of warrants, outstanding at beginning of period | shares	40,000
Weighted average price, outstanding at beginning of period	$ 0.25
Weighted average fair value, outstanding at beginning of period	$ 0.18
Aggregate intrinsic value, outstanding at beginning of period | $
Range of exercise prices	$ 0.25
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	3 months 14 days

v3.23.2

NOTE 7 – WARRANTS (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2023	Apr. 15, 2021
Note 7 Warrants
Class of Warrant or Right, Outstanding		40,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.25
[custom:AggregateFairValueOfWarrants]	$ 180,000
[custom:WarrantsEstimatesUsedStockPrice-0]	$ 4.50
[custom:WarrantsEstimatesUsedExercisePrice]	$ 0.25
[custom:WarrantsEstimatesUsedRiskFreeRate]	1.57%
[custom:WarrantsEstimatesUsedVolatility]	735.46%

v3.23.2

NOTE 8 – RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023
Related Party Transactions [Abstract]
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	$ 10,000	$ 12,000
Accounts Payable and Other Accrued Liabilities	20,000	$ 18,000
[custom:StockIssuedDuringPeriodSharesRelatedParties2]		400,000
[custom:StockIssuedDuringPeriodPricePerShareRelatedParties2]		$ 0.90
[custom:StockIssuedRelatedPartyNonCashStockCompensationExpense2]		$ 360,000
[custom:AmountsOwedToRelatedPartyForDirectorFees-0]	$ 15,000		$ 7,500

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